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The World Trade Organization (WTO) appellate body has confirmed that China’s taxation of U.S. auto parts is unfair and violates WTO rules.
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It looks set to be late 2009 at the earliest before the incoming Obama administration attempts to restart the stalled Doha Round global trade talks, after the World Trade Organization dropped a meeting of trade ministers that had been planned for the coming weeks.
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Canadian National Railway Co. (CN) has reached an agreement with the town of Schererville, Ind., about 30 miles southeast of Chicago, to mitigate the impact on the community of CN’s proposed acquisition of the Elgin, Joliet & Eastern Railway Co. (EJ&E).
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An Earle M. Jorgensen Co. (EMJ) employee died during the weekend after getting his head caught in a machine at the company’s Schaumburg, Ill., facility.
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Two more metal manufacturers filed for bankruptcy protection late last week as the weakness in the auto sector and other areas of the economy claimed more victims.
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Times are obviously pretty grim at the National Association of Manufacturers (NAM). Not only did the large trade association recently cut staff and operating expenses by 10 percent, the NAM also axed a glitzy Potomac River cruise and reception for its members and cancelled its annual press lunch at the National Press Club. Other Washington-based trade groups are slashing staff and expenses as well.
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Goodrich Corp. will assume a greater role on the A350 extra-wide-body (XWB) airliner with its selection to supply wheels and carbon composite brakes for the new aircraft being built by European plane builder Airbus SAS.
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Evraz Inc. NA has clarified information provided by the company for a Dec. 12 story. Evraz’s Rocky Mountain Steel Mill’s rod and bar mill is only scheduled to be idled the week of Dec. 15, and will be running on a four-day schedule during the last two weeks of December.
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Coal shipments on the Great Lakes topped 4.07 million tons in November and rose 20.8 percent compared with the same month last year, according to the latest figures from the Lakes’ Carriers Association.
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Port workers in British Columbia are embroiled in a labor dispute that could see them walk off the job at the start of January and paralyze nearly all metals, coal and other commodity shipments that go through Canada’s West Coast.
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Goodrich Corp. will assume a greater role on the A350 extra-wide-body (XWB) airliner with its selection to supply wheels and carbon composite brakes for the new aircraft being built by European plane builder Airbus SAS.
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Prospects for a bailout of the Detroit-area Big Three automakers appeared to brighten Wednesday, with reports that the White House and majority Democrats had agreed to $15 billion in emergency loans that would include checks and balances.
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An uncertain near-term profit picture has prompted a securities analyst to lower his earnings outlook for Reliance Steel & Aluminum Co.
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The National Association of Manufacturers (NAM) is planning to eliminate 17 positions—more than 10 percent of its staff—as the severe slump in manufacturing starts to hammer trade associations.
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While some energy exploration companies are pulling back, Cabot Oil & Gas Corp., Houston, said it is surpassing its targets and continuing expansions.
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New orders for manufactured goods fell for the third consecutive month in October to $407.4 billion, down 5.1 percent from September, according to U.S. Census Bureau data. The metals sector fared worse than that.
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It’s time to eat humble pie for experts who earlier this year predicted a commodities super cycle was sustainable.
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Nonfarm payroll employment fell by 533,000 jobs in November—the highest monthly figure since December 1974—and the U.S. unemployment rate rose to 6.7 percent from 6.5 percent, the U.S. Bureau of Labor Statistics said Friday.
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In a bright spot in an otherwise dreary landscape, Toyota Motor Corp. has opened a Canadian $1.1-billion ($847-million) assembly plant in Woodstock, Ontario.
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Mass layoffs in the auto, parts and transportation industries accelerated Friday, including thousands of cuts announced by the Detroit-area Big Three automakers in the United States and around the world.
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Mexican authorities have arrested two senior officials from Mexico’s National Mining and Metalworkers Union in a move that the union condemned as arbitrary and illegal.
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Washington will bail out those who shower before work but not those who shower afterward, United Steelworkers union president Leo Gerard has complained.
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Nonfarm payroll employment fell by 533,000 jobs in November—the highest monthly figure since December 1974—and the U.S. unemployment rate rose to 6.7 percent from 6.5 percent, the U.S. Bureau of Labor Statistics said Friday.